Artificial intelligence startup Fireworks AI completes $52 million financing, led by Sequoia Capital

On July 12, artificial intelligence startup Fireworks AI completed a $52 million financing round, led by Sequoia Capital, and participated by Nvidia, Advanced Micro Devices Inc. and MongoDB Inc. The company has raised a total of $77 million and a valuation of $552 million. Fireworks plans to use the new funds to expand the team and plans to expand partnerships with artificial intelligence companies. Fireworks aims to help enterprises adopt generative artificial intelligence, allowing them to access more than 100 models through its platform.